Here’s my two bobs worth regarding possible takeover valuation. I had shares in Cardinal Resources which was taken over last year. It drilled out project in Ghana which totalled 5.1 Moz of which starter pit was shallow and very profitable. There was a bidding war which finally saw the takeover price reach circa A$600M.
This bidding war took place when gold prices had reached their peak last year. Ghana is a well known gold producing country and regarded as safe jurisdiction but Australia is better so some discount could apply lets
say 10 percent so that would make 5.1 Moz equal $660M.
So now its down to how many oz’s DEG prove up over time which is the big unknown.
- Forums
- ASX - By Stock
- DEG
- DEG - Takeover potential - $2+
DEG - Takeover potential - $2+, page-47
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.38 |
Change
-0.005(0.36%) |
Mkt cap ! $3.307B |
Open | High | Low | Value | Volume |
$1.38 | $1.39 | $1.37 | $5.954M | 4.313M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 41758 | $1.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.38 | 41069 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 41758 | 1.370 |
4 | 144422 | 1.365 |
3 | 55424 | 1.360 |
3 | 73574 | 1.355 |
8 | 61014 | 1.350 |
Price($) | Vol. | No. |
---|---|---|
1.380 | 41069 | 2 |
1.385 | 63207 | 4 |
1.390 | 102177 | 6 |
1.395 | 215892 | 10 |
1.400 | 82802 | 9 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |